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PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

The major categories of property and equipment and related accumulated depletion, depreciation, amortization ("DD&A") and impairment as of September 30, 2020 and December 31, 2019 are as follows:

			September 30, 2020						December 31, 2019
			(In thousands)
Oil and natural gas properties			$	10,786,305					$	10,595,735
Accumulated DD&A and impairment			(8,735,750)						(7,191,957)
Oil and natural gas properties, net			2,050,555						3,403,778
Other depreciable property and equipment			91,101						91,198
Land			4,820						5,521
Accumulated DD&A			(43,954)						(36,703)
Other property and equipment, net			51,967						60,016
Property and equipment, net			$	2,102,522					$	3,463,794

Schedule of Non-Producing Properties Excluded from Amortization by Area

The following table summarizes the Company’s unevaluated properties excluded from amortization by area at September 30, 2020:

			September 30, 2020
			(In thousands)
Utica			$	850,643
SCOOP			674,280
Other			2,018
			$	1,526,941

Schedule of Asset Retirement Obligation

A reconciliation of the Company’s asset retirement obligation for the nine months ended September 30, 2020 and 2019 is as follows:

			September 30, 2020						September 30, 2019
			(In thousands)
Asset retirement obligation, beginning of period			$	60,355					$	79,952
Liabilities incurred			2,343						5,769
Liabilities settled			—						(117)
Liabilities removed due to divestitures			(2,033)						(30,035)
Accretion expense			2,270						3,173
Revisions in estimated cash flows			—						1,077
Asset retirement obligation as of end of period			$	62,935					$	59,819

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 20
-Section 50
-Paragraph 1
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- Definition

Tabular disclosure of the capitalized costs of unproved properties and major development projects that are excluded from capitalized costs being amortized. This includes the total costs excluded and, at a minimum, these categories of costs: acquisition costs, exploration costs, development costs in the case of significant development projects, and capitalized interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-10(c)(7)(ii))
-URI http://asc.fasb.org/extlink&oid=120398226&loc=d3e511914-122862

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